Toronto’s real estate market is in for next productive hot year.

The Toronto Real Estate Board (TREB) predicted an approximate ~110,000 resale homes would change hands in 2017 – the third straight year with sales above 100,000 – while average resale home prices would rise between 10 and 16 per cent to $825,000 in 2017.

The TREB forecast calls for the Greater Toronto Area market to experience only a minor cool down compared to last year, when resale activity jumped 11.8 per cent to 113,133 transactions and average prices soared 17.3 per cent to $729,922.